Summary
- Circle and Paxos are said to be piloting a stablecoin issuer verification system.
- Both companies have announced that they are building the system through a partnership with Bluprynt.
- It is reported that this system provides functions for tracking and verifying stablecoin issuers.
According to Bloomberg on the 27th (local time), Circle, the issuer of the dollar-based stablecoin USDC, and Paxos, the issuer of PayPal USD (PYUSD), are piloting a verification system for corporate stablecoin issuers.
The two companies have partnered with the fintech startup Bluprynt to do so, and the system leverages Bluprynt's technology to provide functions for tracking and verifying stablecoin issuers.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
